The Price Index Was 150 in the First Year,142

question 101

Multiple Choice

The price index was 150 in the first year,142.5 in the second year,and 138.2 in the third year.The economy experienced

• A)5.0 percent deflation between the first and second years,and 3.0 percent deflation between the second and third years.
• B)7.5 percent deflation between the first and second years,and 4.3 percent deflation between the second and third years.
• C)5.3 percent inflation between the first and second years,and 4.1 percent inflation between the second and third years.
• D)7.5 percent inflation between the first and second years,and 4.3 percent inflation between the second and third years.

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